AutoBeta(AutoBeta.net)11/13 Report--

On November 12, the website of the Central Commission for discipline Inspection and the National Supervisory Commission reported that according to the Anhui Provincial discipline Inspection Commission, Wang Zhiyuan, former deputy general manager of Anhui Jianghuai Automobile Group Holdings Co., Ltd., is suspected of serious violations of discipline and the law and is currently under disciplinary examination and supervision investigation by the Supervisory Commission of the Anhui Provincial discipline Inspection Commission.

As the former deputy general manager of Anhui Jianghuai Automobile Group, there is not much introduction about Wang Zhiyuan in the market, and he seldom appears in public. Data show that Wang Zhiyuan was born in December 1957, a member of the Communist Party of China, senior engineer, graduate degree, graduated from the management engineering graduate class of Hefei University of Technology.

Reviewing his work experience, he has served as director and assistant director of Jianghuai Automobile Factory, deputy general manager of Hefei Jianghuai Automobile Co., Ltd., director of Jianghuai Automobile Group Co., Ltd., director and deputy general manager of Jianghuai Automobile chassis Co., Ltd. Anhui Ankai Automobile Group and other positions.

It should be noted that this is the second senior executive of Jianghuai Automobile to fall this year. Prior to this, an Jin, who had worked at Jianghuai Automobile for 47 years, was also investigated and expelled from the party.

In April this year, according to the Anhui Provincial discipline Inspection Commission, Anjin, former party committee secretary and chairman of Anhui Jianghuai Automobile Group Holdings Co., Ltd., was suspected of serious violations of discipline and the law, and is currently under disciplinary examination and supervision investigation by the Anhui Provincial discipline Inspection Commission. After nearly half a year of investigation, Amgen was eventually expelled from the party for serious violations of discipline and law.

On the 8th of last month, the website of the National Supervisory Commission of the Central Commission for discipline Inspection reported that after investigation, Amgen's political belief collapsed, ideals and beliefs lost, discarded the red gene, failed to live up to the trust of the organization, and failed to fulfill the main responsibility of administering the party strictly in an all-round way. privately bring into the country and read books with serious political problems, disloyal and dishonest to the party, deliberately confront organizational censorship Ignoring the spirit of the eight regulations of the Central Committee, accepting gifts, gift money, and consumption cards in violation of regulations for a long time; ignoring organizational requirements and failing to truthfully explain things in organizational letters; distorted values, unbalanced mentality, extravagant life, and greed for pleasure; greedy and excessive, relying on enterprises to eat enterprises, vigorously engage in power and money transactions, power and sex transactions, take advantage of positions to make profits for others in equity transfer, project contracting, technology transfer, and illegally accept huge amounts of property. After studying the meeting of the standing Committee of the Anhui Provincial Commission for discipline Inspection and submitting it to the Provincial CPC Committee for approval, it was decided to expel Amjin from the party; cancel his treatment in accordance with the regulations; confiscate his illegal gains from violation of discipline; and transfer his suspected crimes to the procuratorial organs for examination and prosecution in accordance with the law, the property involved is also transferred.

Industry insiders believe that Anjin, former party committee secretary and chairman of Anhui Jianghuai Automobile Group Holdings Co., Ltd., and Wang Zhiyuan, former deputy general manager, have been investigated successively, which to some extent reflects Jianghuai Automobile's determination and perseverance in fighting corruption and promoting honesty.

According to the financial report, from 2021 to 2023, Jianghuai Automobile deducted non-net profits of-1.884 billion yuan,-2.795 billion yuan and-1.718 billion yuan respectively, with a cumulative loss of 6.397 billion yuan in three years. But fortunately, after entering 2024, Jianghuai Motor performance has improved. According to the latest financial report, in the first three quarters of this year, JAC Motor's revenue was 32.206 billion yuan, down 5.06% from the same period last year, but its net profit rose 239.86% to 625 million yuan compared with the same period last year. Although it is still in a state of loss, it has reduced its loss by nearly 300 million yuan compared with the same period. In terms of sales volume, the cumulative sales volume of JAC Motors in the first three quarters was 315300, down 4.72% from the same period last year.

Zunjie Motors, a brand jointly built by Huawei and Jianghuai Motors, officially launched its official Douyin account on Nov. 10. Although nothing has been released yet, the platform has reached 23000 followers as of press time. It is understood that the first model of Zunjie Automobile will be unveiled at the Guangzhou Auto Show, the price may be as high as one million, to the standard Maybach, Rolls-Royce. Affected by this good news, Jianghuai Automobile shares rose 9.34%, with a market capitalization of more than 100 billion for the first time.

As of November 13, Beijing time, JAC shares closed at 44.32 yuan, down 3.65%, with a total market capitalization of 96.795 billion yuan.

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